Berkadia’s Seniors Housing & Healthcare platform closed $1.13 billion in financing during the first half of the year. The team financed 64 properties totaling 7,710 beds/units. The total includes $250 million in Berkadia-led bridge loans with participations, $123 million in HUD 232/223(f) financings, and $758 million in GSE and third-party placements.
A notable refinance from the first half of the year was one of the largest seniors housing refinances in recent years. The team secured $627.2 million of mortgage debt for a 35-asset seniors housing portfolio spanning 15 states.
